Quick Look At An Interesting Exxon Mobil 2017 Outlook For Energy Through 2040
From Seeking Alpha
http://seekingalpha.com/article/4033586-quick-look-interesting-exxon-mobil-2017-outlook-energy-2040?lift_email_rec=true.Courtesy WSJ.
Introduction:
Exxon Mobil's 2040 outlook is an important study and a stark reminder that the "global energy mix" will be basically the same for Oil and Gas, looking as far as 2040, with only a few differences.
2017 Outlook for Energy:
My Edit
Highlights/Lowlights ? From the 48 page report.A View to 2040
The Outlook for Energy is ExxonMobil’s global view of energy demand and supply through 2040. We use the data and findings in the book to help guide our long-term investments. It also highlights the dual challenge of ensuring the world has access to affordable and reliable energy supplies while reducing emissions to address the risk of climate change. We share the Outlook with the public to help promote a better understanding of the issues shaping the world’s energy needs.Our energy to 2040: Seven things to knowModern energy is one of mankind’s most complex endeavors, and its path is shaped by countless forces.
However, we see seven key themes that will play a major role in defining our global energy landscape through 2040
Energy underpins economic growthNon-OECD countries lead the way for energy demandContinuing urbanization in China and India, with people moving from rural areas to cities, will help to drive economic growth.
The global energy mix is evolvingAs global economies grow and government policies change, the energy mix will continue
to diversify. Nuclear and renewables will grow strongly with natural gas growing the most.
Oil remains the world’s primary energy source
Oil will continue to play a leading role in the energy mix with demand being driven by fuel for transportation and feedstock for the chemicals industry.
Natural gas leads growth in energyNatural gas is the largest growing fuel source, providing a quarter of global energy demand
by 2040.
Cost-effective options to reduce CO2 emissionsDelivering on the increased demand for energy needs to
go hand in hand with finding constructive solutions that mitigate the risk of climate change The potential of new technology.
As the pace of technology development continues to accelerate, new – and still uncertain – solutions are likely to emerge to contribute to meeting energy and environmental goals
http://cdn.exxonmobil.com/~/media/global/files/outlook-for-energy/2017/2017_outlook_for_energy.pdf